Gentex Co. (NASDAQ:GNTX) to Issue $0.12 Quarterly Dividend

Gentex Co. (NASDAQ:GNTX) announced a quarterly dividend on Tuesday, November 26th,RTT News reports. Investors of record on Wednesday, January 8th will be paid a dividend of 0.12 per share by the auto parts company on Wednesday, January 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Wednesday, January 8th.

Gentex has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Gentex to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.9%.

Gentex Trading Down 0.2 %

Gentex stock opened at $28.04 on Monday. The business has a 50-day moving average of $30.02 and a 200-day moving average of $30.65. The firm has a market capitalization of $6.38 billion, a P/E ratio of 14.99, a PEG ratio of 1.08 and a beta of 0.91. Gentex has a 1 year low of $27.83 and a 1 year high of $37.58.

Analyst Ratings Changes

A number of analysts recently issued reports on GNTX shares. Bank of America lowered their target price on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Robert W. Baird increased their target price on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. The Goldman Sachs Group decreased their target price on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Finally, Guggenheim lowered their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.13.

About Gentex

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.